This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Long Term Care Market Outlook in the United States to 2023: Trend, Revenue and Key Competitor Analysis - ResearchAndMarkets.com

February 25, 2019

DUBLIN--(BUSINESS WIRE)--Feb 25, 2019--The “The Long Term Care Market: Nursing Homes, Home Care, Hospice Care, and Assisted Living” report has been added to ResearchAndMarkets.com’s offering.

This report provides detailed market research on the U.S. long-term care market. This market complex and diverse industry evolves nearly every year, and influences other markets such as the sales of pharmaceuticals, devices and healthcare services. For seven editions, the publisher has provided a look at who is leading, what the opportunity is and will be in four key areas of long term care.

The reason for the importance of the market will not surprise. As the demographics of the U.S. population change, so have the attitudes toward long-term care. The long-term care industry has met the challenges of the changing industry by diversifying offerings and increasing specialized care.

The U.S. long care industry has experienced steady growth from 2016 through 2018 and this is expected to continue through the forecast period. Aging of the population will increase demand for all forms of long-term care, although ongoing cost containment will continue to pressure the industry. Baby boomers account for approximately 67 million individuals in the United States in 2018 and this enormous group will be making decisions about whether senior living is the right option for their aging loved ones and eventually for themselves.

The evolution and specialization of residential, community-based, and home health care services will continue. The aging of the population, rising rates of chronic disease, longer life expectancies, and advances in public health and medical technology will result in unprecedented numbers of people requiring long-term care services in the near future - even as a shortage of health care personnel is occurring. The health care industry must begin to work now to reduce the fragmentation that exists both in the continuum of long-term care services and in the system of payment for those services.

Industry participants must stay current on and attentive to data trends, be prepared to quickly expand current programs, and collaborate with other care providers within their communities, and thereby be ready to serve an even greater number of people by providing seamless care that is accessible, effective, efficient, and affordable.

Scope and Methodology

This report covers the most important segments of the long-term care industry, each of which provides medical care and/or assistance with the activities of daily living (ADLs) on an ongoing basis:

Excluded are markets that address temporary care needs such as physical or mental rehabilitation as well as residential living programs and facilities that do not generally provide care such as retirement communities and/or continuing care retirement communities (CCRCs). Also excluded are equipment and supplies used in home care such as wheelchairs, beds, diabetic supplies, etc., as well as medications.

The Long Term Care Opportunity

Sales estimates for each market segment represent U.S. revenues and are expressed in current U.S. dollars. Estimates are provided for the historic 2016 to 2018 period and forecasts are provided through 2023.

This edition of this detailed report on the long term care industry provides a size and forecast estimate for each of the critical segments noted above, including the following market information:

The U.S. health care industry continues to evolve in response to ongoing cost containment imperatives, aging of the population and relatively low rates of wellness within large segments of the general public (obese persons, diabetics, persons with addictions, etc.). This is leading to increased utilization of all forms of long-term care.

Trend Analysis - Know Where the Market is Going

The report covers the following trends:

Competitive Analysis: Who is In the Market and Who is Winning?

This report features a superior competitive analysis section. There are numerous companies in the long term care industry, but roughly 20 concerns stand out and are part of a profile in this report .

List of Chapters

1. Executive Summary

2. Long Term Care Industry

3. Nursing Homes

4. Home Care

5. Hospices

6. Assisted Living

7. Market Summary

8. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/8cg6q3/long_term_care?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190225005467/en/

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Related Topics:Nursing,Other Healthcare Facilities,Palliative Care



SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/25/2019 06:37 AM/DISC: 02/25/2019 06:37 AM